Quoting the press release:

Availigent, a leading provider of transparent and automatic application virtualization software for Linux platforms, has completed a Series B financing of $12.2 million to fuel growth and new product development. Intel Capital led the round, with previous investors Diamondhead Ventures and Smart Technology Ventures participating as well.

"This will allow us to accelerate enhancements to our Duration(R) software product and expand our sales efforts," said Availigent CEO Bud Michael. "We are extremely excited to have Intel as an investor in our company. I am very pleased with the market acceptance Duration has received. Growing a company requires more than just capital and we feel this investment is a strong sign of industry support."

Duration from Availigent allows enterprise data centers to achieve 99.999% application availability, ensuring no more than five minutes planned and unplanned application downtime a year, with an inexpensive and easy-to-use software solution. Built on patented application virtualization technology, Duration is installed at the system level without modifications to the Linux kernel or to applications. Duration delivers stateful end-to-end migration and recovery of multi-tier applications, usually within seconds.

"With the growing global trend toward service oriented architectures and automated manageability, high availability takes on a new prominence in a broad array of applications," stated Steve Eichenlaub, Managing Director of Platform Technologies investments in Intel Capital. "Companies like Availigent are helping businesses realize the benefits of this trend."

Availigent has achieved market traction in the High Performance Computing field, including a multi-year contract with Petrochina Company Limited's (NYSE:PTR) Bureau of Geophysics. The company recently announced that Duration is available on HP (NYSE:HPQ) Linux-based XC Clusters environments, which is the first phase of product development between Availigent and HP.